Interview with Manufactured Housing Infill Expert Ken Corbin

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. On this episode of the Passive Mobile Home Park Investing Podcast, Andrew talks with long time manufactured housing infill expert and consultant Ken Corbin. Ken has been working with manufactured housing communities, mobile home dealers, and MHP developers for over forty years. During his time in the space he has branched out to work in five different countries and on three different continents. He has been labeled "Professional Speaker of the Year" three times and has a unique high-energy presence during his professional presentations.

Today Andrew and Ken Corbin will be talking about his illustrious background, his personal value add infill process, the importance of staging, different value add necessities, and his advice for new operators and passive investors. Ken has a wealth of information and has learned so much over his time in the mobile home park space. Listen in as Andrew picks Ken's brain for details on Ken's manufactured housing infill process.

***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. ***

Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 1,400 lots under management. His team currently manages over 20 manufactured housing communities across ten states - AR, GA, IA, IL, IN, MN, NE, OH, PA and TN. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities.

Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews: https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy Andrew's team usually moves on location during the first several months of ownership. Find out more about Andrew's story at AndrewKeel.com.

Would you like to see mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.

Talking Points:

00:21 - Welcome to the Passive Mobile Home Park Investing Podcast

02:05 - Ken's professional background

07:00 - The infill process (one of the more labor intensive parts of the business)

17:05 - Costs in the business, and value add necessities

25:02 - What new operators should expect for infill rates

26:46 - How long should a home sit when it's for sale

30:05 - Top pieces of advice for new investors

31:58 - Advice for people looking for a syndicate

36:05 - Getting a hold of Ken

37:39 - Conclusion



Links & Mentions from This Episode:

Ken Corbin's Website: https://callkencorbin.com/

The Manufactured Home Show: https://callkencorbin.com/manufactured-home-show/

Ken's phone number: 888.823.4945

Keel Team's official website: https://www.keelteam.com/

Andrew Keel's official website: https://www.andrewkeel.com/

Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel

Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast

Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/

Twitter: @MHPinvestors

Quotes:

"What I promote, what I teach, and what I work with are what I call 'The Three P's'. And those three p's include people, promotion, and process." - Ken Corbin

"Focus on buying good homes with good bones." - Ken Corbin

"What we're always trying to do is increase the values of our homes and our communities but we're trying to increase the value of all of our residents' homes." - Ken Corbin

"If you're going to get into the pre-owned and renovation business, it is a huge moneymaker. But start small, work in your area, and find good, quality contractors that you know you can trust." - Ken Corbin